housing costs · New Jersey
Housing costs in Somerset County
What it costs to live here: rent, home values and the share of income rent takes.
Median gross rent
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $2,033 | ± $52 | evidence → |
| 2019–2023 | $1,921 | ± $36 | evidence → |
| 2018–2022 | $1,846 | ± $26 | evidence → |
| 2017–2021 | $1,722 | ± $25 | evidence → |
Median home value
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $552,100 | ± $7,374 | evidence → |
| 2019–2023 | $523,900 | ± $8,197 | evidence → |
| 2018–2022 | $489,500 | ± $4,913 | evidence → |
| 2017–2021 | $444,700 | ± $5,505 | evidence → |
Rent as share of income
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | 29.6 % | ± 1.0 % | evidence → |
| 2019–2023 | 29.1 % | ± 1.0 % | evidence → |
| 2018–2022 | 28.8 % | ± 0.9 % | evidence → |
| 2017–2021 | 29.1 % | ± 0.8 % | evidence → |
In context
Median rent in Somerset County is $2,033, above the New Jersey median of $1,623 across 21 counties (2020–2024).
American Community Survey, five-year estimates. Each release covers five years, so consecutive releases overlap by four of them — a change from one release to the next is damped, and reading them as annual values understates swings. Margins of error are at 90 % confidence and are wide in sparsely populated counties.